OCC Foreclosure Prevention–Tips To Avoid Foreclosure Prevention Scam

Every family person knows the value of a home and you would do anything in your power to avoid losing it. Dragging your entire family into homelessness is perhaps the hardest thing that can happen to any family man or woman. With this in mind, some desperate folks would end up at the mercy of some unscrupulous persons pretending to be helpful. These scammers lay in wait for anyone that can be an unsuspecting victim.

Some homeowners seek OCC foreclosure prevention help to save their homes

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The U.S. Department of Treasury’s Office of the Comptroller of the Currency (OCC) is the government agency in charge of regulating and supervising all federal savings associations and national banks. In line with this duty, the OCC has been active in helping homeowners avoid getting scammed by foreclosure prevention scammers. Below are some OCC foreclosure prevention tips that will help you avoid getting scammed.

1. Do not trust anyone who will charge you with a fee for counselling service and/or modification of your loan that has been delinquent. These scammers will usually tell you that they have direct access to your lender or mortgage servicer.

2. Do not succumb to people that will pressure you to sign papers transferring the deeds of your home. Signing any paper without understanding its contents is the quickest way to lose your home.

3. In relation to the above, sign only the deed of your house if you are dealing directly with your mortgage company in a debt forgiveness.

4. Do not ever make a mortgage payment to anyone other than your mortgage company. This is especially true if you don’t have their express approval.

OCC Foreclosure Prevention is Free

Scammers are mushrooming all over the place especially nowadays that foreclosure is rampant. If you are not careful, you end up paying thousands of dollars or even lose your home in the hands of these people. Before you fall into their trap, you have to remember that real OCC Foreclosure Prevention is free and this is where you should go first. You can find a lot of helpful advice from their websites and they can assist you with your foreclosure needs. They also make a review of the performance of a lot of lending institutions and you can be properly advised if you will seek their help. Although they are prohibited by law to release the information of their review, lending institutions however, are required to submit regular reports of the condition of their income to the FDIC and you can find these information at their website.

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